By Forrest Laws
Delta Farm Press
This probably isn’t a secret to most rice producers: Rice markets are different than those for other commodities in that, for openers, they are dominated by two countries – India and the People’s Republic of China.
The latter is unusual in that it is both the largest exporter and importer of the grain, according to Milo Hamilton, co-founder and senior agricultural economist for Firstgrain Inc., which publishes a newsletter for rice farmers and buyers.